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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (20563)	6/17/1998 12:00:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

For those not yet short or into puts -- this is an oppty. Perhaps it will be extended through tomorrow?

To: Oeconomicus who wrote (20563)	6/17/1998 12:06:00 PM
From: P.T.Burnem	Respond to of 94695

A forex intervention, even a massive one, is unlikely to change the direction of a primary trend. However, it does increase volatility (read: risk) and force market participants to reduce their leverage. The yen will continue to decline against the dollar, albeit more slowly. A short-covering rally that is underway may last for another couple of days (Dow 9000?). PTB